FCLD vs. FCUS ETF Comparison

Comparison of Fidelity Cloud Computing ETF (FCLD) to Pinnacle Focused Opportunities ETF (FCUS)

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$23.76

Average Daily Volume

27,852

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCUS

Pinnacle Focused Opportunities ETF

FCUS Description

The investment seeks long term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The fund's manager manages its portfolio based on its proprietary model. The fund’s portfolio excludes certain equity securities, such as limited partnerships, closed-end investment companies, and warrants. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

5,336

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCLD	FCUS
30 Days	-5.26%	-4.65%
60 Days	-3.84%	1.32%
90 Days	0.52%	7.72%
12 Months	46.57%	33.38%

4 Overlapping Holdings

Symbol	Grade	Weight in FCLD	Weight in FCUS	Overlap
ESTC	D	1.41%	3.54%	1.41%
MSTR	D	2.39%	6.54%	2.39%
NTNX	B	2.06%	3.96%	2.06%
SMCI	D	2.51%	4.61%	2.51%

FCLD Overweight 41 Positions Relative to FCUS

Symbol	Grade	Weight
ORCL	C	5.14%
MSFT	D	4.94%
INTU	C	4.63%
CRM	C	4.48%
NOW	D	4.45%
EQIX	F	3.27%
WDAY	F	2.99%
DLR	B	2.94%
HUBS	B	2.85%
DDOG	A	2.77%
SNOW	D	2.72%
WDC	A	2.65%
HPE	B	2.64%
TEAM	F	2.61%
NTAP	A	2.59%
PSTG	A	2.08%
STX	C	2.07%
MDB	D	2.06%
ZM	D	1.96%
TWLO	D	1.9%
DT	D	1.86%
XRX	F	1.83%
DAY	D	1.66%
DBX	D	1.56%
PATH	D	1.5%
BOX	F	1.43%
CVLT	B	1.42%
CFLT	D	1.38%
FIVN	D	1.37%
TDC	D	1.33%
GTLB	D	1.17%
FROG	C	1.13%
PEGA	C	1.11%
RNG	D	1.1%
VRNT	D	1.04%
INFA	D	1.04%
DOCN	D	0.94%
FSLY	F	0.92%
VERX	D	0.87%
AI	F	0.75%
SWI	B	0.69%

FCLD Underweight 6 Positions Relative to FCUS

Symbol	Grade	Weight
COIN	D	-5.33%
VST	A	-5.31%
HOOD	B	-5.02%
CRWD	C	-4.22%
WING	A	-4.14%
VRT	A	-3.66%